Supermicro Raises FY24 Guidance For Revenues From $14.3B-$14.7B To $14.7B-$15.1B (Est $14.597B); Sees Adj EPS Of $23.29-$24.09 (Est $21.99)
Portfolio Pulse from Benzinga Newsdesk
Supermicro has increased its FY24 revenue guidance from $14.3B-$14.7B to $14.7B-$15.1B, surpassing the estimated $14.597B. Additionally, the company now expects its adjusted EPS to be between $23.29 and $24.09, exceeding the estimated $21.99.
April 30, 2024 | 9:12 pm
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Supermicro has raised its FY24 revenue and adjusted EPS forecasts, both exceeding analyst estimates.
Raising both revenue and EPS guidance above analyst expectations typically signals strong future performance and confidence from management, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100